While this may not be the freshest of news, it does have an interesting back story.

On around December 4, numerous websites began reporting on the possibility of Wal-Mart selling a 4GB iPhone for $99. From iPhoneBuzz “Walmart to sell 4GB iPhone 3G for only $99?” , From MacNN : “Walmart to carry 4GB iPhone?” and from Ars Technica: “Rumor: Walmart to sell 4GB iPhone 3G for $99 with contract“. Ars Technica gave its source as the Boy Genius Report, some of the others could be traced back there as well.

Then, on December 8, 2008 iPhoneBuzz reported “Walmart 4GB iPhone 3G rumor debunked“, citing none other than Bloomberg.com as his source. Engadget.com seemed to confirm this on December 17 with “Walmart iPhone on sale the 28th for a lot more than $99“.

Okay, so as not to put my foot in it (in case there is actually a new 4GB iPhone out there),  the 4GB iPhone was one of the first iPhone models, along with the 8GB. Apple discontinued it in September 2007 when they dropped the price of the 8GB first generation iPhone from $599 down to $399.  Does Apple re-introduce products it has discontinued?

AT&T announced yesterday that for three days they would be selling refurbished iPhones at $100 off. This would mean a $99 (8GB) iPhone, except their wording wasn’t clear and “On its Web site, AT&T Mobility seemed to indicate it was offering a refurbished 8 GB iPhone for $49 through the end of the year. The carrier subsequently said it would clarify the site to show the device’s true price of $99.” from RCR Wireless.

Now, is there any truth behind that iPhone Nano rumor? (see “What is the deal with the iPhone nano?” at Engadget.com)